THE WESTWOOD STORY
Westwood Financial Corp. was founded in 1970 by Steven J. Fogel and Howard S. Banchik. Limited partnerships were formed throughout the 70s to acquire multi-family properties for investors. In 1980, after having acquired approximately 100 apartment buildings, Westwood transitioned to acquiring and managing convenience shopping centers throughout Southern California. The last apartment property was sold in 1997 and the company focused exclusively on the retail market. By the year 2000, Westwood’s retail portfolio had grown to 135 shopping centers.
After over 46 years of success, Westwood restructured its business model in 2016. The company reorganized and consolidated all its limited partnerships into a single limited liability, self-managed real estate operating company, with ownership of 77 of its retail center holdings. Today, the company owns and operates an institutional-quality portfolio of grocery-anchored, daily needs retail centers in 26 markets throughout the United States and continues to manage retail assets for Westwood’s founding partners.